For the second time, Hulu has been taken off the sales block. 21st Century Fox, NBCUniversal, The Walt Disney Co. jointly issued press releases announcing they planned to keep ownership and invest $750 million in the streaming site. Bids from DirectTv and AT&T had reportedly neared the $1 billion mark.
NSA leaker Edward Snowden wants to stay in Russia, says a lawmaker who was among several to attend a meeting behind closed doors in the transit zone of Moscow’s Sheremetyevo airport. (July 12)
Billionaire investor Carl Icahn is offering Dell shareholders a chance to own a bigger stake in the company in hopes of thwarting an attempt by Dell’s founder to buy it and take it private.
Billionaire investor Carl Icahn and Southeastern Asset Management Incorporated sweetened their bid for Dell Incorporated by adding warrants they say would increase the value of the offer to a range of $15.50 per share.
Producer prices rose more than expected in June, pointing to an apparent increase in inflationary pressures that could make the U.S. Federal Reserve more comfortable about reducing its monetary stimulus.
JPMorgan Chase reported a 31% rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another ‘London Whale’ derivatives loss.
Call it the Bernanke Boost. The stock market, which has been marching higher for a week, got extra fuel after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy.
For the second quarter, S&P 500 earnings are expected to grow just 2.6 percent, according to Wall Street analysts estimates compiled by Thomson Reuters. But projections for third-quarter earnings growth, on the other hand, are seen at 8.4 percent, with fourth-quarter growth seen at 12.8 percent.
A Japanese company has unveiled an e-scooter that combines smartphone technology with an eco-friendly electric machine with a price tag of about $4,500. (July 11)
Two sources familiar with the transaction said Germany’s Siemens has received tentative offers for the postal automation and baggage-handling division being sold in its effort to streamline operations and shed non-core assets. The postal operation, which counts the U.S. Postal Service and Deutsche Post among its customers, has benefited from the growing number of consumers shifting to internet shopping.
